In the midst of the return of the broad market that witnessed today, Dogecoin occupied the addresses of newspapers after publishing great gains in the size of large transactions and wallet activity, and outperformed bitcoin Data From IntothBlock.
Data shows that Dogecoin outperforms Bitcoin in the size of large transactions and daily active addresses by 41.12 % and 34.91 %, respectively. Bitcoin, on the other hand, decreased 11.26 % declines in the volume of large transactions and 10.25 % in daily active addresses despite the recovery of the general market.
Bitcoin still performs the price and trading volume
Despite the prominent Dogecoin performance in the whale activity and the activity of the user, Bitcoin maintained its dominance in daily gains and trading size. according to CoinmarketcapBitcoin recorded daily gains more than 3 % and a huge increase in 206.23 % in trading volume during the market march.
Dogecoin, in comparison, has only seen a modest increase in prices by 0.69 % since the day before, although the trading volume jumped by 71.40 %.
While Bitcoin is still the best option for daily traders and retail investors, the decrease in the volume of large transactions indicates that the investor’s investor and the second may have slowed down. This door apparently opened in front of Dog whale to intervene.
DOGE ETF review in play
Although trading at the lowest levels in recent weeks, the bullish feelings with Dogecoin rises, due significantly to the speculation surrounding the potential Doge ETF.
The excitement grew after the annual celebration on April 20 – a day dedicated to the support of the Dogecoin community for the original, which sparked a renewed noise and optimism. During this event, the interest towards SEC’s continuous review of Dogecoin ETF suggestions has shifted, prompting the conversation to the lead center.
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While proposals from the main asset managers such as BitWise, Grayscale, 21shares and Osprey are still under SEC review, investor morale proposes increasing hope for a possible eTf, and perhaps early in May 18.
If approved, investors believe that Doge ETF can lead to a significant outbreak of prices in 2025, especially given the current rise in whale activity and user participation.
